South Korea says Brexit a blow to integrated global economy

South Korean dealers at the KEB Hana Bank in Seoul, South Korea, on June 24.
South Korean dealers at the KEB Hana Bank in Seoul, South Korea, on June 24.PHOTO: EPA

BEIJING (REUTERS) - South Korean Finance Minister Yoo Il Ho said on Saturday (June 25) the world was stunned by Britain's vote to leave the European Union, and the global economy is faced with great volatility and uncertainty.

Yoo, speaking in Beijing at a meeting of the China-led Asian Infrastructure Investment Bank, said Brexit is a big blow to believers that a more integrated global economy is beneficial.

Britain's vote to leave dealt the biggest blow to the European project of greater unity since World War Two and global financial markets plunged as results from Thursday's referendum emerged. The leave camp won by a 52-48 per cent split.

 

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